Currency Held Outside the Banking System Is Included

question 27

Multiple Choice

Currency held outside the banking system is included

• A) in M1 but not M2.
• B) in M2 but not M1.
• C) in both M1 and M2.
• D) in neither M1 nor M2.

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Definitions:

Federal Law

Legislation enacted by the national government of a country, which has jurisdiction over the entire nation and supersedes state or local laws.

Restraint of Trade

Legal term that describes any type of activity, agreement, or contract that restricts or impedes competition in a market or trade.

Competition Act

Legislation designed to prevent anti-competitive practices, promote and maintain fair competition in the market.

Criminal Law

The body of law pertaining to crimes and punishment, regulating the conduct of individuals and imposing penalties for unlawful acts.